Axis Bank v. Budhram
Case brief
What is this about?
Special Lok Adalat orders the dismissal of a debt recovery matter following a complete one-time settlement between the bank and the borrower for Rs. 35,27,664/-, with instructions for fee refund and document return.
What did the court decide?
OTS amount settled; case disposed; interim relief vacated; documents to return; court fees refunded.
What the court decided
BEFORE THE SPECIAL LOK ADALAT ORGANISED ON 8TH MAY, 2026 BY THE DEBTS RECOVERY TRIBUNAL, JAIPUR
O.A. No. 87/2026
Applicant(s) :
Axis Bank Limited
(hereinafter referred to as bank/financial institution)
VERSUS
BUDHRAM
Defendant(s) :
(hereinafter referred to as borrower/guarantor(s))
Details of dispute/claim/settlement:
- The claim of the bank is to the tune of Rs. 35,27,664/- with interest & cost.
- The Defendants is ready to pay complete OTS amount and requested the Bank to settle the account.
Parties & counsel
- applicant
Axis Bank Limited
- respondent
Budhram
Coram
Vimal Gupta
Case details
As recorded by the court registry
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